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    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
    PM Surya Ghar Yojana 2026: How to Get Rs 78,000 Solar Subsidy & Cut Your Electricity Bill
    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
    In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench
    GoCredit Launches Free Loan App Checker to Verify If a Lending App Is Real, Fake or RBI Registered
    Rupee falls 2 paise to 94.97 against US dollar in early trade
    Senior bureaucrats attend IICA’s ‘weekend wisdom’ program initiave
    NLMC to Facilitate E-Auction of 459 RINL Land Parcels in Visakhapatnam
    CCI approves acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions
    CCI approves acquisition of up to 100% equity shareholding of Apollo Fertility Centre (AFCPL) and Apollo Specialty Hospitals (ASHPL) by Kids Clinic In...
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    Rupee gains 27 paise to close at 94.95 against US dollar
    India's CAD widens to USD 4.2 bn in Q1 amid West Asia conflict: RBI data
    Andhra commercial tax collections rise by 11 per cent in August to Rs 4,983 cr
    Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF
    DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
    Bank unions to go on nationwide strike on Sep 11 over 5-day banking, other issues
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September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
Show AI Summary
Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
Show AI Summary
Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
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Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
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Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.

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Corp. Laws, SEBI & IBC

Year-end review 2025: Ministry of Corporate Affairs

January 2, 2026

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Threshold limit of paid-up share capital and turnover for small companies enhanced

The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 on 31st December, 2025 amended to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013

Annual KYC requirements under the Companies Act, 2013 replaced with abridged KYC requirements once in three years

Reforms in Merger and Acquisition Framework undertaken

 Integrated Portal and Dedicated Call Centre by IEPFA launched

General Circulars  issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM)

A total of 1300 resolution plans  approved till September 2025 under Insolvency and Bankruptcy Code; creditors realised Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value

Establishment of 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026.

The major initiatives and achievements of the Ministry of Corporate Affairs during the year 2025 are as under:

Reforms in Merger and Acquisition Framework

In line with Para 101 of the Union Budget 2025–26, the Government amended the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 on 4th September 2025 to widen the scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013.

The amendments allow the following additional classes of companies to avail fast-track mechanisms:

  • Two or more unlisted companies (other than Section 8 companies) meeting prescribed thresholds;
  • Holding and subsidiary companies, excluding cases where the transferor is a listed company;
  • Two or more subsidiaries of the same holding company, excluding cases where the transferor is a listed company.

These changes are expected to significantly reduce time and cost for corporate restructuring.

Achievements under Ease of Doing Business

The Ministry of Corporate Affairs (MCA) has undertaken several policy, regulatory, institutional and technology-driven initiatives to further simplify compliance, strengthen corporate governance, and enhance India’s business environment. Key achievements include:

1. Notification of Regulations

During 2025, the Ministry reviewed and notified a series of amendments under the Companies Act, 2013 to rationalise compliance requirements and improve transparency.

2. Circulars Issued

Several General Circulars were issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM). These measures significantly reduced compliance burden on companies during the transition phase.

3. MCA vide notification no. G.S.R. 880(E) dated 01.12.2025 has enhanced the threshold limit of paid-up share capital and turnover upto Rs.10 crore and Rs.100 crore respectively for small companies.

4. The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 have been amended on 31st December, 2025 to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013.

The amendment provides that in such cases, the indemnity bond in respect of one or more directors appointed or nominated by the Central Government or State Government shall be given by an authorised representative (not below the rank of Under Secretary or equivalent) in the administrative Ministry or Department of the Government of India or the State Government on behalf of the Company. This amendment is aimed at faster closure of government companies which are eligible to apply for removal of their names from register of companies as per provisions of section 248(2) of the Companies Act, 2013.

5.The annual KYC requirement for directors in companies under rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014 has been reviewed pursuant to examination in the Ministry of Corporate Affairs, recommendation made by the High Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR) and suggestions received from stakeholders. The relevant rule in this regard matter has been amended by the M/o Corporate Affairs in consultation with concerned Ministries/ Departments.   Pursuant to the amendment in the Rules notified on 31st December, 2025 (to be effective from 31st March, 2026), annual KYC filing requirement has been replaced with a simpler KYC intimation once in every three years.  This amendment is aimed at providing significant ease of compliance to directors in all companies. 

Achievements under Investor Education and Protection Fund Authority (IEPFA)

In August 2025, IEPFA launched an Integrated Portal and Dedicated Call Centre to enable faster claim settlement and enhanced investor support.

  • The portal integrates MCA-21, NSDL/CDSL, and PFMS into a single automated workflow, reducing post-approval transfer time for shares and dividends from several months to 1–2 days.
  • Since its launch, over 24026 claims have been approved taking total approvals in the current financial year to 27231.
  • Re-notified Form IEPF-5 and Electronic Verification Report (EVR) were introduced w.e.f. 6th October 2025, enabling auto-fetching of bank details and pre-validation of shareholding data.
  • A dedicated call centre now provides faster grievance redressal and investor assistance.

These reforms have transformed claim disposal into a fully digital, transparent, and investor-friendly process.

Achievements and reforms under Insolvency and Bankruptcy Code, 2016

  • The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was introduced in the Lok Sabha on 12th August 2025 to reduce timelines, improve value maximisation, and strengthen governance. The Bill also proposes frameworks for creditor-initiated insolvency, group insolvency, and cross-border insolvency, and is presently under examination by the Select Committee of the Lok Sabha.
  • Till September, 2025, a total of 1300 resolution plans have been approved under the Code with creditors realising Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value (based on 1177 cases where fair value has been estimated). The haircut for creditors relative to the fair value of assets was around 6%, while relative to their admitted claims is around 67%.
  • As a major technology-driven reform, an integrated digital platform for the Insolvency and Bankruptcy Code (IBC) ecosystem is currently under development. The platform aims to integrate all key stakeholders and institutions forming the pillars of the insolvency framework, including National Company Law Tribunal (NCLT), Insolvency and Bankruptcy Board of India (IBBI), Information Utilities (IUs),Insolvency Professionals (IPs). This integrated technology platform is expected to significantly enhance coordination, transparency, data availability, and process efficiency across the insolvency value chain, thereby improving the ease of doing business and strengthening creditor confidence.
  • In this regard, the Project Monitoring Unit (PMU) for the iPIE project has been onboarded on 16th December, 2025. Further, the Request for Proposal (RFP) for selection of the System Integrator has been issued, and the evaluation of technical bids received in response to the RFP is currently underway.
  • These reforms, particularly the digital integration of the insolvency ecosystem, are expected to improve credit availability to businesses, reduce transaction costs, and ensure faster and more predictable outcomes. Collectively, these initiatives reaffirm the Government’s commitment to making India one of the top global destinations in Ease of Doing Business.

Achievements under Competition Law

  • Antitrust Enforcement:35 new antitrust cases were registered and 19 cases were decided by the Competition Commission of India (CCI).
  • Mergers and Acquisitions:76 combination notices were filed and 78 notices were disposed of during the period.
  • Market Study on Artificial Intelligence: CCI released its Market Study on Artificial Intelligence and Competition on 6th October 2025, providing insights into AI market structures, trends, and competition concerns.
  • Advocacy and Capacity Building: 108 outreach programmes were conducted by State Resource Persons on competition law and public procurement.

Achievements under Prime Minister Internship Scheme (PMIS)

The Prime Minister Internship Scheme, announced in Budget 2024–25, aims to provide over one crore internships over five years.

  • Pilot phase was launched in October 2024. The response from India’s youth was significant with 7.3 lakh candidates creating profiles across the two rounds. A combined total of registered 1.65 lakhs internship offers were extended, resulting in about 16,000 youth joining the internships.
  • Interns receive ₹5,000 monthly stipend through DBT model. Additionally, interns receive one-time grant of ₹6,000 to cover incidental costs upon joining. PMIS also facilitates social security coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offering life and accident insurance to interns.
  • The scheme prioritises inclusivity and provides structured 12-month, industry-linked internships across 25 sectors, including automobiles, hospitality, banking, manufacturing, FMCG and more.

Strengthening Institutional Infrastructure

To enhance regulatory reach and improve service delivery, the Ministry will operationalise 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026. These offices have been established keeping in view the rapid growth in the number of corporate entities and future regulatory requirements.

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Acts Income Tax